All Posts Tagged With: "paying taxes"
Romney’s Tax Plan of $5 Trillion
Republican Presidential candidate Mitt Romney has said he will pay for the $5 trillion in tax cuts by not adding anything to the deficit. He said a large amount used to pay for the tax cuts would come by curbing the current tax breaks enjoyed by the rich. Romney has also said he promises not [...]
Large Incomes, Small Tax Burdens
A newspaper in Wisconsin reported that Diane Hendricks, who is worth a reported $2.8 billion and the richest woman in all of Wisconsin, did not pay a penny of state income tax during 2010. Her company, ABC Supply, the largest distributor of windows, siding and roofing in the country made a change on how it [...]
Federal Budget Deficit Nears $1 Trillion Mark
The federal budget deficit is about to break the $1 trillion mark for the third straight year. This has placed added pressure on the Obama administration and Congress to formulate a plan to curb government spending. According to the latest report from the Treasury Department, the deficit is already at $927.4 billion during the first [...]
